Radian Group Inc. (NYSE:RDN) Experiences Lighter than Usual Trading Volume

Cornelia Mascio
Agosto 21, 2017

The business's revenue for the quarter was up 4.9% compared to the same quarter a year ago. During the same quarter a year ago, the business posted $0.38 earnings per share.

Shares of Radian Group (RDN) opened at 16.72 on Friday.

Shares are trading at $16.72 a tad under $17.27, the stock's 50 day moving average and significantly below the 200 day moving average of $17.65. The firm has a market cap of $3.60 billion, a PE ratio of 19.20 and a beta of 1.61.

A total of 12 brokerages have issued a ratings update on Radian Group Inc. Radian Group Inc. declared a dividend for shareholders which was paid on Monday June 5th, 2017. The ex-dividend date of this dividend is Thursday, August 17th. This dividend amount represented a yeild of $0.06. Radian Group's dividend payout ratio is now 1.18%.

Radian Group declared that its board has initiated a stock repurchase program on Wednesday, August 9th that authorizes the company to buyback $50.00 million in shares. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Several research analysts have recently weighed in on the stock.

August 2 investment analysts at Barclays made no change to the company rating of "Outperform" and moved up the price target to $24.00 from $21.00.

Zacks Investment Research has downgraded Radian Group Inc (NYSE:RDN) to Sell in a statement released on 7/04/2017. BidaskClub downgraded shares of Radian Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 24th. Finally, ValuEngine upgraded Radian Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, June 7th. Keefe, Bruyette & Woods reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Radian Group in a research note on Tuesday, May 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of "Buy" and an average price target of $20.75.

In related news, SVP Catherine Mary Jackson sold 17,130 shares of the firm's stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $17.22, for a total transaction of $294,978.60. Dalton Greiner Hartman Maher & Co. now owns 1,430,302 shares of the insurance provider's stock worth $25,688,000 after buying an additional 46,256 shares in the last quarter. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.83% of the company's stock.

A number of large investors have recently bought and sold shares of RDN. Macquarie Group Ltd. increased its position in Radian Group by 181.9% in the fourth quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Radian Group during the first quarter valued at $273,000. Nationwide Fund Advisors raised its position in shares of Radian Group by 18.8% in the first quarter. Advisory Services Network, LLC owns 431 shares with a value of $7,000. SG Americas Securities LLC now owns 30,502 shares of the insurance provider's stock worth $548,000 after buying an additional 11,959 shares in the last quarter. Bowling Portfolio Management LLC acquired a new position in shares of Radian Group during the first quarter worth $958,000. Canada Pension Plan Investment Board now owns 47,500 shares of the insurance provider's stock valued at $853,000 after buying an additional 41,300 shares during the period.

Hedge funds and other institutional investors have recently modified their holdings of the company.

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Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two business segments: Mortgage Insurance and Services.

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